The dominant standard setter for the carbon-offset market is proposing rules for trading carbon credits on cryptocurrency exchanges to address concerns about the anonymity of digital-token holders.
Verra, a nonprofit organization that runs the world’s biggest registry by number of carbon credits issued, said Wednesday that it is considering asking for records that identify people and special accounts that track credits turned into crypto tokens, among other requirements, as it looks to rein in the market for its credits on crypto exchanges. There will be a 60-day period for market participants to weigh in before the rules are finalized. The rules are slated to go into effect later this year.
